Tyco CEO and CFO Resign Upon Completion of Spin-Offs

Effective upon the completion of the spin-offs, Tyco's CEO Edward D. Breen, CFO Frank S. Sklarsky, and other key executives resigned from their positions. New directors joined the board.

“effective as of the completion of the Distributions each of Messrs. Edward D. Breen (Chief Executive Officer), Frank S. Sklarsky ( Executive Vice President and Chief Financial Officer), Carol A. Davidson (Senior Vice President, Controller and Chief Accounting Officer), and Naren K. Gursahaney (President, Tyco Security Solutions) resigned from their respective executive positions at Tyco.”

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